
A state-directed economy where the banking system, land sales and local-government finance are policy instruments rather than markets, so political access matters more to returns than reported accounts.
Why some Asian nations grew rich: land reform, export-led industry, directed credit.
“it's a good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” — Bill Gates
Source: Gates Notes review of How Asia Works
Recommended by: Bill Gates, Mohnish Pabrai, Patrick Collison
How China's state-run financial system really works behind its official figures.
Data showing China's growth came from private firms, not the state sector.
Twenty-five years negotiating with Chinese officials, from Goldman to the Treasury.
Recommended by: Mohnish Pabrai, Anthony Pompliano and 1 other
A question-and-answer guide to how China's economy works.
How China's state sector returned after 2012 and slowed growth.
Insider account of doing deals through Party patronage, and losing everything.
Why foreign investors' hopes of profit in 1990s China were mostly disappointed.
Local-government financing vehicles, shadow banking and the property build-out.
Mark Zuckerbergrecommends 1 book here